MGT 3200 : MGMT 3200 Test 1 Material Cont
Document Summary
Technology: increases competition, product innovation, a technological advancement made in the good/service offered to the customer (effectiveness) Economy: hard to predict, affects businesses indirectly by effecting demand, ceo"s want moderate steady growth. Government: regulation, improve quality of life of that nation, shadow bureaucracy, taxation and subsidization, corporate welfare, taxation, encourages or discourages growth, subsidization, encourages growth, direct competition, economic policy, say"s law, supply creates its own demand. Ways organizations influence government: lobbying, 3 major auto companies (caf standards, direct political action, voting, pac, illegal activity, society, to achieve legitimacy, good corporate citizen , green washing , unmoral way to gain legitimacy. International: threat and opportunity, managers need to know the culture and language of other countries, nova. Planning: has primacy, gives direction to all the other management functions, goal setting and action planning, planning requires conceptual skills. 3 purposes of planning fundamental purpose is to establish and achieve goals: defensive purpose, offensive purpose.
